Transfers from defined benefit (DB) to defined contribution (DC) schemes as a result of changes introduced in the Budget could cut £15bn from FTSE 350 scheme liabilities, says Hymans Robertson.
Around 30% of DB members were expected to move into DC to take advantage of the Budget freedoms, taking £100bn of risk off the table, head of corporate consulting Jon Hatchett said. The consultancy's...
This week's top stories included the GMP Equalisation Working Group publishing a call to action to help schemes begin the process.
The extension of auto-enrolment (AE) to more workers is supported by around three-quarters of businesses, according to research by Scottish Widows and the Confederation of Business Industry (CBI).
Hargreaves Lansdown and Liberty SIPP have again been named as the slowest two providers to move pensions through Origo's Transfer Service.
The Pensions Regulator (TPR) increased its use of frontline powers by 32% over the last year, it confirmed in its annual report and accounts.